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473 E 55th St
Long Beach, CA 90805 Bixby Knolls

$2,925,000 USD

Apartments For Sale • 7,592 SF

Property Details

Property Type Apartments
Total Building Size 7,592 SF
Lot Size 0.16 AC
Building Class C
Year Built 1962
Zoning LBR1N

47 Transit Score

86 Walk Score

                
                    Highlights
                
                                Turnkey Investment Opportunity; This asset boasts renovated interiors, exterior upgrades, two brand new ADU’s, and strong in-place income
                            
                                6.04% Cap Rate on Current Rents: Excellent for any investor looking for strong cash flow on day one
                            
                                Strong Unit Mix of 90% Two-Bedrooms
                            
                                Two Brand New ADU’s
                            
                                Remodeled Interiors: Most units have been remodeled with new flooring, kitchens, and bathrooms to attract a strong renter base and demand premium rent
                            
                                Great Rental Location in Long Beach, a coastal rental market without the prime coastal pricing

Amenities

24 Hour Access
Kitchen

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	9 min	-	4.4 mi
Los Angeles International	27 min	-	19.6 mi
John Wayne/Orange County	35 min	-	25.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Surface
Included in Rent:	Yes

Steve Bogoyevac 424-405-3826 Marcus & Millichap

473 E 55th St Long Beach, CA 90805 Bixby Knolls